Bitcoin 10/07/21 00:49 by Bernice Nyambura

Bitcoin’s Guaranteed Rally To $100k Will Have a Global Macroeconomic Impact, Bloomberg Analyst Posits

As the year burrows deeper into its second half, Bitcoin’s performance still remains way below the predicted price levels in Q4 2020 to Q1 2021. The leading crypto asset is currently down 5.7% trad...
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Bitcoin 09/07/21 19:00 by Best Owie

Bloomberg Analyst Provides Blueprint Of Bitcoin Path To $100,000

Bitcoin price predictions have been a hot topic for a while now. Bloomberg Analyst, Mike McGlone believes that the price of BTC hitting $100,000 is tied to the asset following ethereum. This came in t...
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Bitcoin 08/07/21 20:06 by Reynaldo Marquez

Bitcoin Versus Equities? How BTC Could Reverse 50% Correction In Coming Months

Bitcoin has been rejecting one more time in the upper levels of its current range. At the time of writing, BTC trades at $32,915 with a 5.1% and 6.3% loss in the 24-hour and 7-day charts. BTC after re...
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Bitcoin 17/06/21 15:07 by Bernice Nyambura

Bloomberg Strategist On Why $100k BTC Price In 2021 Is Meager By Bitcoin Standards

Market conditions in 2021 are perfect for bitcoin to reach and surpass the $100,000 price level according to senior Commodity analyst at Bloomberg Intelligence Mike McGlone. McGlone, who has recen...
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Bitcoin 10/06/21 16:40 by Bernice Nyambura

Bloomberg Strategist On Why Bitcoin Moving Past $40k Appears More Likely Than Crashing to $20k

On June 8, Bitcoin suffered yet another terrible run that particularly and severely liquidated the last batch of bullish investors, after plunging 8% to trade at around $33,200, on top of a 40% drop ...
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Bitcoin 05/06/21 22:15 by Olivia Brooke

Mainstream Analysts Still See $145K “Theoretical Target” For Bitcoin Price, But Likely To Sustain Fatal Crash

As of publication, Bitcoin bulls are still gearing up for a price retest above $40,000 after spending the last 48 hours building momentum at $38,000. Managing to keep the green light blinking has bee...
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Bitcoin 03/06/21 23:20 by Brenda Ngari

For Bloomberg Analyst, Bitcoin Is More Likely To Go To $100,000 Than $20,000 From Here

Bitcoin has soared almost two-fold over the last year and is up circa 35% on a year-to-date basis. The world’s oldest cryptocurrency incurred a massive correction in May after a drop from its April...
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Altcoins 03/06/21 20:19 by Reynaldo Marquez

Ethereum At A Discount, Why ETH Looks Like BTC In 2017

Ethereum has seen some recovery in the past days, after the crypto market experienced one of its worst months since March 2020. At the time of writing, the second cryptocurrency by market cap trades a...
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Bitcoin 09/04/21 23:00 by Reynaldo Marquez

Why Bitcoin could favor USD dominance over Digital Yuan

Contrary to what many in the crypto space are discussing, Senior Commodity Strategist for Bloomberg, Mike McGlone, has made the case for Bitcoin being beneficial for the U.S. dollar over China’s...
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Bitcoin 01/04/21 22:00 by Reynaldo Marquez

Why Morgan Stanley is gaining exposure to Bitcoin (BTC)?

In yet another bullish announcement for Bitcoin this week, banking giant Morgan Stanley has filed a document with the Securities and Exchange Commission (SEC) to gain exposure to BTC. Per the document...
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Bitcoin 27/03/21 12:41 by Bernice Nyambura

Bloomberg’s Strategist Says $400k Bitcoin Price Would “Rhyme” With History

If Bitcoin’s present performance is compared to its performance in 2013, the top coin is on track to hit $400,000 despite multiple corrections, according to Senior Commodity Strategist at Bloomberg...
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Bitcoin 26/03/21 21:00 by Reynaldo Marquez

Why is Bloomberg predicting a Bitcoin price at 400K in 2021?

Bitcoin has picked up its bullish momentum in the last 24 hours. High levels of Institutional adoption, fundamentals, and on-chain indicators look bullish and point to an extension of the rally, at le...
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Bitcoin 06/03/21 11:03 by Steven Msoh

Grayscale Bitcoin Trust at its Highest Discount Ever Could Signal Price Rise to $100K

The Grayscale Bitcoin Trust (GBTC) has been having its adversest month in its seven-year history. GBTC has dropped to nearly a 12% discount, its highest ever. However, according to one analyst, this ...
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Bitcoin 04/03/21 21:00 by Tony Spilotro

Bloomberg Chief Analyst Says Bitcoin Could “March To $100,000” From Here

Bitcoin is currently struggling to reclaim $50,000, but one chief Bloomberg analyst says that the cryptocurrency could be ready to “march” toward $100,000 per coin in the near term. Here&r...
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Bitcoin 04/02/21 20:28 by Olivia Brooke

Gold’s devaluation will foster the $50,000 Bitcoin rally: Bloomberg’s Mike McGlone

An enormous inflow from gold to Bitcoin has been cited in the market. Bloomberg’s Mike McGlone, the Senior Commodity Strategist bared this out in a newly published analysis. In it, he says Bitcoin ...
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Altcoins 24/11/20 13:27 by Adrian Klent

Futures and fund flows strongly indicates that Bitcoin is swiftly replacing Gold

Bitcoin’s price appreciation has been moving at an interesting pace, almost suggesting that Bitcoin is replacing Gold. This was implied by Bloomberg’s senior commodity strategist Mike McGlone who...
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Bitcoin 17/11/20 08:14 by Brenda Ngari

$20,000 Bitcoin Is The Primary Hurdle Toward $1 Trillion Market Cap: Bloomberg Analyst

Bitcoin incurred a minor pullback over the weekend after it dropped below $16,000. The BTC/USD pair has subsequently recovered and continued to push forward on Monday after bouncing back above $16,00...
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Bitcoin 25/10/20 20:34 by Erie Maxwell

Bloomberg Analyst: Bitcoin Breaking Past $12k Indicates Firmer Underpinnings For BTC In 2021

The world of trading has experienced a crazy year after the Coronavirus pandemic. For the most part, it seemed that Bitcoin and the entire cryptocurrency market were following the steps of the stock ...
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Bitcoin 24/10/20 03:00 by Tony Spilotro

Bloomberg Intelligence Strategist Hints At Bitcoin Bull Run In 2021

Earlier in 2020, Bloomberg Intelligence claimed Bitcoin would soon reach $12,000 and would be a primary beneficiary in the post-pandemic world. The prediction coming true has the analyst who made the ...
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Bitcoin 24/09/20 23:56 by Brenda Ngari

Bitcoin Is REALLY Worth $15,000 Based On This Key Adoption Metric

The bitcoin price has ballooned 40% on a year-to-date basis. The OG cryptocurrency has performed particularly well amid the pandemic partly because it acts as a reliable store of value like gold. ...
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Bitcoin 24/09/20 16:02 by Bernice Nyambura

Bitcoin’s Fixed Supply Makes The Primary Beneficiary In Times Of High Fiat Inflation- Bloomberg’s Strategist

Bitcoin’s YTD performance of 45.95% in 2020 is impressive despite high volatility and underperformance in comparison to other digital assets like Ethereum and DeFi tokens. However, as the most d...
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Bitcoin 16/09/20 12:00 by Nick Chong

Here’s the Pivotal Level Where Bitcoin’s Ongoing 10% Surge May End

Bitcoin is surging despite weakness in the altcoin market. Since bottoming at $9,800 last week, the coin has gained $1,000 and over 10% as its price has reached $10,850 as of this article’s writ...
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Bitcoin 05/09/20 10:01 by Brenda Ngari

Bitcoin Price Could Leap To $500,000 Or Crash To Zero, Says Bloomberg Analyst

On September 1, the bitcoin price hit $12,000 again for the fourth time since August 2, sparking a lot of optimism among investors. This was, however, followed by a fierce sell-off as bitcoin correct...
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Bitcoin 15/07/20 12:00 by Nick Chong

This 2016 Bear Market Fractal Shows Bitcoin Could Shoot Towards $20k in 2020

Bitcoin’s consolidation over recent weeks has convinced some traders that there is a move to the downside in the works. As reported by NewsBTC recently, one analyst commented that the recent pri...
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Bitcoin 13/07/20 02:00 by Nick Chong

A Critical 30% Bitcoin Breakout Is Weeks Away: Volatility Analysis

As repeated time and time again by analysts, Bitcoin is currently in no man’s land. The cryptocurrency remains above the $8,500 support while below the resistance region at $10,000-10,500. Price...
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Altcoins 04/07/20 03:04 by Nick Chong

Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk & Ethereum

Another week, another round of Crypto Tidbits. It’s been another boring week for the Bitcoin market. For all of the past seven days, the leading cryptocurrency has traded within 3% of $9,100, t...
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Bitcoin 03/07/20 23:00 by Nick Chong

Analyst Who Predicted Bitcoin’s V-Shaped Reversal at $3,700 Is Bullish

It’s been a tough past few weeks for the Bitcoin market. Some are skeptical that the cryptocurrency is in a bull trend after BTC has sustained multiple rejections at $10,000. Yet a trader that n...
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Bitcoin 26/06/20 22:19 by Brenda Ngari

Bloomberg Analyst Gives Two Simple Reasons Why Bitcoin Is Poised To Test $13,000 Despite Current Bearishness

Bitcoin is currently far from a full-fledged bull market. Any attempt to move upward has been swiftly thwarted by the bears. The latest attempt was seen on Monday as the crypto climbed to $9,700, whi...
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Bitcoin 26/06/20 15:00 by Yashu Gola

Bloomberg Analyst Sees Bitcoin at $13K Despite Hints of Deep Breakdown

Bitcoin price is eyeing a breakout towards $13,000, according to Bloomberg analyst Mike McGlone. The senior commodity strategist stated that the cryptocurrency’s declining volatility is making ...
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Bitcoin 24/05/20 18:25 by Nick Chong

Why Analysts Expect a Deeper Drop After Bitcoin Just Crashed Below $9,000

After rallying 5% from the weekly lows, the Bitcoin bull trend has petered out once again. This weakness culminated in a drop below $9,000 just minutes ago, marking the lowest price BTC has traded at ...
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